🚀 🔥 DOGE, XRP Lead Crypto Majors Decline as Bitcoin ETFs Suffer $80M Outflow 🔥
#DOGE #XRP #Bitcoin #ETFs #Crypto #MarketDecline #Stablecoin #Memecoin #ApeCoin #Liquidity #BitcoinResistance #BTC
According to CoinDesk: The cryptocurrency market experienced a downturn as Bitcoin ETFs saw a net outflow of $80 million, breaking a seven-day streak of inflows. Leading the decline were major tokens like Dogecoin (DOGE) and XRP, which fell 5% and 4%, respectively, while Bitcoin struggled to maintain momentum after failing to break the $70,000 resistance level.Key Highlights:Bitcoin’s Struggle: Bitcoin dropped 1% after a failed attempt to rally towards $70,000. This influenced a broader market decline, with the CoinDesk 20 (CD20) index, which tracks the largest cryptocurrencies by market capitalization, falling by nearly 2%.Major Tokens Drop: Dogecoin (DOGE) and XRP led the losses among major tokens, both giving up gains from earlier in the week. DOGE had rallied on Elon Musk’s endorsement, while XRP benefited from positive fundamental developments.ETFs See Outflows: U.S.-listed Bitcoin ETFs saw $80 million in net outflows, with Ark Invest’s ARKB product losing a record $134 million. BlackRock’s iShares Bitcoin Trust (IBIT) led inflows with $42 million, while Fidelity’s FBTC and VanEck’s HODL brought in $8 million and $3 million, respectively.Stablecoin Concerns: Traders pointed to a lack of growth in stablecoin volume as a key reason for the market’s slowdown. Stablecoins, often used as liquidity for quick crypto purchases, have seen stagnant volume since late September, potentially signaling a broader market slowdown.Market Outlook: Despite the dip, some traders expect Bitcoin to reach $80,000 in the coming weeks, especially with the U.S. presidential election drawing near. However, concerns about liquidity and resistance levels remain.Mid-cap and low-cap cryptocurrencies saw little movement, though memecoin BONK and ApeCoin (APE) led losses, each dropping over 7%. Analysts noted that Bitcoin’s failure to break past $70,000 resistance and a pause in stablecoin liquidity are major factors contributing to the market’s current stagnation.#DOGE #XRP #Bitcoin #ETFs #Crypto #MarketDecline #Stablecoin #Memecoin #ApeCoin #Liquidity #BitcoinResistance #BTC
🚀 Zanzibar Government Launches Blockchain Sandbox Initiative
#Zanzibar #Blockchain #Sandbox #Entrepreneurship #Technology #Xinfin #XDCNetwork #Ledgerfi
According to Foresight News, the semi-autonomous government of Zanzibar, located within the United Republic of Tanzania, has introduced a blockchain sandbox program aimed at fostering entrepreneurship and technological advancement. This initiative is supported by the Xinfin XDC Network and designed by Ledgerfi IT Solutions. The program allows startups to securely test their blockchain-based solutions within the national blockchain network.#Zanzibar #Blockchain #Sandbox #Entrepreneurship #Technology #Xinfin #XDCNetwork #Ledgerfi
🚀 Chainlink And Swift Collaborate On Blockchain Payment Solution
#Chainlink #Swift #Blockchain #PaymentSolution #FinancialInstitutions #DecentralizedOracle #Sibos #TradFi #BlockchainPrivacyManager #CrossBorderPayments #LINK
According to PANews, decentralized oracle provider Chainlink is set to introduce a new blockchain payment solution for financial institutions. Chainlink has partnered with Swift, the global messaging network used by banks and institutions, to demonstrate a new integration that allows institutions to interact with blockchain technology using Swift messages.
At the Sibos conference hosted by Swift in Beijing (UTC+8), Chainlink co-founder Sergey Nazarov highlighted the practical value of this integration. He stated, 'We are currently in the pre-production phase, which means we are about to provide you with functionalities that can be truly implemented within your existing institutional systems.' Nazarov further explained that the solution leverages Swift's established messaging standards to execute pre-settlement and transaction confirmations, which are widely used in traditional finance (TradFi). Once confirmations are completed, Chainlink's infrastructure converts these messages into blockchain events, enabling financial institutions to lock assets on-chain and execute payment operations.
Additionally, Nazarov introduced the newly launched Blockchain Privacy Manager (BPM). This feature, combined with the new Swift integration, allows financial institutions to conduct sensitive transactions, including private tokenized asset trades and cross-border payments.#Chainlink #Swift #Blockchain #PaymentSolution #FinancialInstitutions #DecentralizedOracle #Sibos #TradFi #BlockchainPrivacyManager #CrossBorderPayments #LINK
🚀 Fed Rate Expectations See Hawkish Repricing, ING Reports
#FedRate #HawkishRepricing #FOMC #InterestRates #ING
According to Odaily, ING has indicated that recent Federal Reserve rate expectations have undergone a hawkish repricing. Some members of the Federal Open Market Committee (FOMC) are currently expressing doubts about consecutive rate cuts before the end of the year.#FedRate #HawkishRepricing #FOMC #InterestRates #ING
🚀 Hong Kong Digital Banks Gain Trust and Popularity, Survey Reveals
#HongKong #DigitalBanks #Web3 #Trust #Popularity #ZA_Bank #VirtualAssets #PublicSurvey #BankingInnovation
According to Odaily, the Hong Kong Association of Banks' Digital Banking Public Education Task Force released its latest public survey results yesterday. ZA Bank CEO, Rockson Hsu, expressed satisfaction with the significant increase in the popularity and trust in digital banks within Hong Kong. Hsu noted that respondents widely recognize the crucial role digital banks play in advancing Hong Kong's Web3 development. ZA Bank has already partnered with over 100 Web3 enterprises and disclosed plans to collaborate with locally licensed virtual asset exchanges. This initiative aims to enable Hong Kong retail investors to conduct virtual asset transactions through the ZA Bank App.#HongKong #DigitalBanks #Web3 #Trust #Popularity #ZA_Bank #VirtualAssets #PublicSurvey #BankingInnovation
🚀 DRW Founder Criticizes Lawmakers' Hostility Towards Cryptocurrency
#DRW #Cryptocurrency #Legislation #Regulation #SEC #CumberlandSecurities #MarketParticipants #DonWilson #ElizabethWarren #FINRA
According to BlockBeats, on October 23, DRW Venture Capital founder Don Wilson expressed in an interview with Coindesk that some legislators and regulators, such as Senator Elizabeth Warren, hold a hostile attitude towards cryptocurrency because they 'truly believe in the power of the state,' and cryptocurrency undermines this power.
Wilson stated, 'If their worldview is that more government control makes the world a better place, then they will feel that any effort to slow down the development of cryptocurrency will make the world better, even if it means doing so in a somewhat unfair manner to market participants.'
Chelsea Pizzola, legal counsel for DRW, also mentioned that the company's attempt to register its crypto brokerage Cumberland Securities LLC with FINRA, which also regulates the U.S. market, was rejected. She noted that DRW is not the only firm that has tried to register and acquire a brokerage, sincerely attempting to engage with SEC trading and market staff over the years.
Earlier this month, the SEC announced a lawsuit against Cumberland DRW, accusing it of operating as an unregistered securities broker.#DRW #Cryptocurrency #Legislation #Regulation #SEC #CumberlandSecurities #MarketParticipants #DonWilson #ElizabethWarren #FINRA
🚀 Perfuse Secures Web3 Foundation Grant for Blockchain Deployment Tool
#Perfuse #Zeeve #Web3Foundation #Blockchain #OpenSource #ParallelChain #Polkadot #Kusama #Rococo #DecentralizedFutures #DOT #KSM
According to Odaily, blockchain infrastructure automation company Zeeve has announced that its parallel chain deployment tool, Perfuse, has received funding from the Web3 Foundation's Decentralized Futures program. While the exact amount of the grant has not been disclosed, the project aims to develop an open-source, one-click parallel chain deployment toolkit specifically designed for the Polkadot, Kusama, and Rococo networks.#Perfuse #Zeeve #Web3Foundation #Blockchain #OpenSource #ParallelChain #Polkadot #Kusama #Rococo #DecentralizedFutures #DOT #KSM
🚀 Bitcoin Whale Addresses Reach Highest Level Since January 2021
#Bitcoin #WhaleAddresses #BTC #BlockBeats #Glassnode #Cryptocurrency #MarketTrends
According to BlockBeats, André Dragosch, head of European research at Bitwise, announced on social media that the total number of Bitcoin whale addresses has reached its highest level since January 2021. Citing data from Glassnode, Dragosch revealed that there are currently 1,678 addresses holding more than 1,000 BTC, which are automatically marked as whales.#Bitcoin #WhaleAddresses #BTC #BlockBeats #Glassnode #Cryptocurrency #MarketTrends
🚀 SunPump Announces Partnership With Pionex.com To Expand Meme Project Exposure
#SunPump #Pionex #MemeProjects #Cryptocurrency #Partnership #MarketExpansion #QuantitativeTrading #Blockchain
According to Odaily, SunPump has officially announced a strategic partnership with Pionex.com, a leading global quantitative trading bot cryptocurrency platform. This collaboration aims to provide increased exposure and market expansion opportunities for Meme projects on the SunPump platform. SunPump also noted that as more partners from the Meme community join, users and Meme projects will encounter more opportunities and possibilities.#SunPump #Pionex #MemeProjects #Cryptocurrency #Partnership #MarketExpansion #QuantitativeTrading #Blockchain
🚀 Vietnam Unveils National Blockchain Strategy Aiming For 2025 And 2030
#Vietnam #Blockchain #NationalBlockchainStrategy #BlockchainTechnology #DigitalTransformation #Innovation #BlockchainDevelopment #TechStrategy #DigitalEconomy #BlockchainTraining #ResearchInstitutions
According to Foresight News, the Vietnamese government has released its 'National Blockchain Strategy,' outlining the application and development of blockchain technology by 2025 and projecting goals for 2030. The strategy aims to establish 20 reputable blockchain brands in platforms, products, and services within the region. Additionally, it plans to maintain at least three blockchain testing centers or special zones in major cities, forming a nationwide network. The strategy also aspires to have representatives among the top 10 blockchain training and research institutions in Asia.
The document reveals that, in addition to various ministries and branches, the Vietnam Blockchain Association, along with professional associations and unions, has been designated to lead several initiatives. These include developing blockchain platforms made in Vietnam and establishing mechanisms for the operation, development, interaction, and interconnection between various blockchain networks running on Vietnam's blockchain infrastructure. Furthermore, the strategy aims to gather Vietnamese digital technology enterprises to co-build blockchain platforms, promote information sharing, and enhance competitiveness with foreign enterprises.#Vietnam #Blockchain #NationalBlockchainStrategy #BlockchainTechnology #DigitalTransformation #Innovation #BlockchainDevelopment #TechStrategy #DigitalEconomy #BlockchainTraining #ResearchInstitutions
🚀 Blockchain Payment Company Borderless.xyz Secures $3 Million Pre-Seed Funding
#Blockchain #Payment #Funding #Borderlessxyz #Stablecoin #Investment #GlobalTransactions #AmityVentures
According to Foresight News, blockchain-based payment company Borderless.xyz has successfully raised $3 million in a pre-seed funding round led by Amity Ventures. Following the investment, Amity Ventures' managing partner CJ Reim will join the board of directors at Borderless.xyz. The company intends to use the funds to hire additional engineers, expand its geographical reach, and enhance liquidity for its global stablecoin payment network.
Borderless.xyz is focused on developing payment infrastructure that facilitates global transactions between stablecoins, real-world assets, and other 'internet-native currencies' and fiat currencies.#Blockchain #Payment #Funding #Borderlessxyz #Stablecoin #Investment #GlobalTransactions #AmityVentures
🚀 ECB Official Questions Justification For December Rate Cut
#ECB #RateCut #EconomicIndicators #MonetaryPolicy #RobertHolzmann
According to Odaily, European Central Bank (ECB) Governing Council member Robert Holzmann has expressed doubts about the adequacy of current data to justify a 50 basis point rate cut in December. Holzmann noted that some colleagues might advocate for a significant rate reduction next month, but he remains unconvinced by the available economic indicators.#ECB #RateCut #EconomicIndicators #MonetaryPolicy #RobertHolzmann
🚀 BNB Chain To Host BNB Hackathon In Bangkok With $230,000 Prize Pool
#BNBChain #BNBHackathon #Bangkok #Blockchain #PrizePool #Developers #Innovation #RealEstate #TradingAggregator #TelegramMiniApp #Dypians #Seraph #HookedProtocol #Cleverse
According to Odaily, BNB Chain has announced that it will hold the BNB Hackathon in Bangkok on November 9-10, 2024. This two-day offline event aims to bring together blockchain developers in Bangkok to compete for a prize pool of $230,000. The hackathon is sponsored by World of Dypians, Seraph, Hooked Protocol, and Cleverse. Key tracks for the competition include building a Telegram Mini App, creating an innovative trading aggregator, and developing a platform for real estate transactions involving real-world assets (RWA).#BNBChain #BNBHackathon #Bangkok #Blockchain #PrizePool #Developers #Innovation #RealEstate #TradingAggregator #TelegramMiniApp #Dypians #Seraph #HookedProtocol #Cleverse
🚀 Investor Misses Out On $10 Million Profit By Selling Early
#Investor #Profit #Cryptocurrency #GOATtokens #Blockchain #Lookonchain #Liquidation #SOL #CryptoInvestment
According to BlockBeats, on October 23, Lookonchain monitoring revealed that the wallet address stupidmoney.sol liquidated 15.15 million GOAT tokens eight days ago. The initial investment was only 5 SOL, approximately $727. Upon liquidation, the wallet received 15,883 SOL, equivalent to around $2.44 million. However, if the investor had held onto the tokens until now, the profit could have exceeded $10 million.#Investor #Profit #Cryptocurrency #GOATtokens #Blockchain #Lookonchain #Liquidation #SOL #CryptoInvestment
🚀 Ubisoft Launches First Web3 Game On Oasys Blockchain
#Ubisoft #Web3 #Oasys #Blockchain #ChampionsTactics #GrimoriaChronicles #RPG #PvP #Gaming
According to Odaily, Ubisoft has officially launched its first Web3 game on the Oasys blockchain, titled 'Champions Tactics: Grimoria Chronicles.' This new Web3-enhanced game introduces a 'Forge' system, enabling players to customize their champions and create new ones. Described as a tactical role-playing game (RPG), 'Champions Tactics: Grimoria Chronicles' allows players to assemble teams of champions and engage in player-versus-player (PvP) battles.#Ubisoft #Web3 #Oasys #Blockchain #ChampionsTactics #GrimoriaChronicles #RPG #PvP #Gaming
🚀 DYdX Announces Sunset Process For V3 Platform
#dYdX #v3 #trading #oracle #smartcontracts #USDC #crypto #blockchain #DYDX
According to Odaily, dYdX has announced on the X platform that all trading, oracle price updates, and funding payments on the dYdX v3 platform will cease on October 28 at 20:05 UTC+8. Users are encouraged to plan accordingly, close their positions, and withdraw USDC from the dYdX v3 smart contracts.
This change will only affect users of the dYdX v3 platform. Users of the dYdX Chain, dydx.trade, or the v4 API will not be impacted by this update.#dYdX #v3 #trading #oracle #smartcontracts #USDC #crypto #blockchain #DYDX
🚀 Federal Reserve Expected To Lower Interest Rates If Harris Wins Election
#FederalReserve #InterestRates #Harris #Election #EconomicForecast #RateCuts #2024 #2025
According to Odaily, the Financial Times team has recently updated its forecast for the Federal Reserve's interest rate outlook. The prediction suggests that if Harris wins the election, the Federal Reserve may quickly reduce interest rates next year. Analysts indicate that following a 50 basis point cut in September, the Federal Reserve might lower rates by an additional 25 basis points twice in 2024. By the end of this year, the Federal Reserve is expected to reduce rates by a total of 100 basis points, bringing the federal funds rate down to 4.25-4.5%. This aligns with the Federal Reserve's economic forecast summary from September. If Harris secures victory in the U.S. presidential election, the Federal Reserve is projected to cut rates three more times in the first half of 2025, each by 25 basis points, reducing the policy rate to 3.5-3.75%.#FederalReserve #InterestRates #Harris #Election #EconomicForecast #RateCuts #2024 #2025
🚀 Chinese OTC Trader Allegedly Aids Lazarus Group in Crypto Laundering
#ChineseTrader #CryptoLaundering #LazarusGroup #ZachXBT #BlockchainInvestigation #OTCTrader #CryptoCrime #StolenCryptocurrency #BankTransfers #P2PTransaction #Ethereum #Tron #ETH #TRX
According to Foresight News, blockchain investigator ZachXBT has revealed that Chinese OTC trader Yicong Wang has been assisting the Lazarus Group in converting millions of dollars worth of stolen cryptocurrencies into cash via bank transfers since 2022. Wang, who operates under aliases such as Seawang, Greatdtrader, and BestRhea977, came under scrutiny a few months ago when a follower reported that their trading account was frozen after completing a P2P transaction with him. The follower provided ZachXBT with one of Wang's Tron wallet addresses through a WeChat conversation screenshot.
Upon examining blockchain data linked to Wang, ZachXBT identified a high risk of illicit funds associated with Alex Labs, co-founder of Irys, who suffered a $4.5 million loss in a hack by the Lazarus Group in May 2024. Additionally, an Ethereum address blacklisted by Tether in August 2024, holding 948K ETH, was directly connected to Wang. The blockchain data indicates that Wang has continued to actively assist the Lazarus Group in recent weeks.#ChineseTrader #CryptoLaundering #LazarusGroup #ZachXBT #BlockchainInvestigation #OTCTrader #CryptoCrime #StolenCryptocurrency #BankTransfers #P2PTransaction #Ethereum #Tron #ETH #TRX
🚀 Fluid Protocol Secures $3.9 Million In Seed Funding
#FluidProtocol #SeedFunding #AnimocaVentures #Blockchain #DeFi #Investment #FinancialServices #Innovation
According to Odaily, Fluid Protocol has successfully raised $3.9 million in a seed funding round. The investment was led by Animoca Ventures, with participation from several other investors. This funding aims to support the development and expansion of Fluid Protocol's innovative solutions in the blockchain and decentralized finance (DeFi) sectors.
Fluid Protocol, known for its cutting-edge technology in the DeFi space, plans to utilize the funds to enhance its platform and broaden its market reach. The company is focused on providing seamless and efficient financial services through blockchain technology, aiming to revolutionize the way financial transactions are conducted.
The involvement of Animoca Ventures, a prominent player in the blockchain investment arena, underscores the potential and credibility of Fluid Protocol's offerings. This seed funding round marks a significant milestone for the company as it continues to innovate and push the boundaries of decentralized finance.#FluidProtocol #SeedFunding #AnimocaVentures #Blockchain #DeFi #Investment #FinancialServices #Innovation
🚀 Stargate Proposes Deployment To Unichain With $6 Million Initial Liquidity
#Stargate #Unichain #Liquidity #USDC #Arbitrum #Ethereum #Crypto #ARB #ETH
According to Odaily, Stargate has initiated a proposal to deploy on Unichain, accompanied by an initial liquidity provision of $6 million. This liquidity will be supplied in the form of USDC from Stargate V1 pools on both Arbitrum and Ethereum.#Stargate #Unichain #Liquidity #USDC #Arbitrum #Ethereum #Crypto #ARB #ETH
🚀 Hong Kong Monetary Authority Launches 'Account Connectivity' Initiative
#HongKong #MonetaryAuthority #AccountConnectivity #DataSharing #BankingInnovation #CustomerExperience #Finance #Technology #BankInterbankAccount #SME
According to Odaily, the Hong Kong Monetary Authority (HKMA) has officially named its 'Bank Interbank Account Data Sharing' initiative as 'Account Connectivity.' In collaboration with the Hong Kong Science and Technology Parks Corporation, the HKMA has introduced the 'Account Connectivity Developer Platform.' This platform aims to facilitate secure and efficient data sharing between banks based on customer consent.
The pilot phase of the 'Account Connectivity' initiative began in January this year, with participation from 28 banks. The program has established guidelines and standards for interbank account data sharing, covering retail, corporate, and SME customers. This initiative allows banks to share deposit account information with other banks as per customer preferences, promoting the development of data-driven innovative banking products and services, thereby enhancing the customer experience.#HongKong #MonetaryAuthority #AccountConnectivity #DataSharing #BankingInnovation #CustomerExperience #Finance #Technology #BankInterbankAccount #SME